Issue link: https://pma.uberflip.com/i/1355890
COSTS OF WELFARE BENEFITS PAID CATEGORIZED BY TYPE OF BENEFIT For Plan Year Ended June 30: 2020 2019 2018 2017 2016 2015 Health Maintenance Organizations Hospital, medical, surgery, vision and prescription drugs $ 136,562,607 $ 130,734,009 $ 117,915,071 $ 123,695,514 $ 110,693,406 $ 100,037,623 PPO and Indemnity Plan Hospital, medical, surgical $ 330,626,300 $ 343,690,630 $ 331,910,684 $ 301,254,744 $ 291,610,614 $ 286,536,469 Prescription drug program 142,200,793 158,231,099 138,008,660 160,583,322 212,612,674 125,335,301 Vision service plan 7,841,506 7,521,342 7,402,889 7,317,858 6,775,156 6,408,181 Subtotal $ 480,668,599 $ 509,443,071 $ 477,322,233 $ 469,155,924 $ 510,998,444 $ 418,279,951 Medicare Part B Reimbursements Medicare premiums reimbursements $ 16,728,161 $ 15,933,804 $ 14,771,772 $ 12,995,647 $ 12,440,335 $ 12,302,262 Dental Programs: HMO and PPO Participants Dental services - adults $ 40,652,119 $ 43,504,657 $ 40,766,514 $ 39,619,096 $ 40,445,969 $ 36,674,976 Dental services - children 9,993,822 10,913,848 10,425,968 9,564,668 11,080,053 10,026,853 Subtotal $ 50,645,941 $ 54,418,505 $ 51,192,482 $ 49,183,764 $ 51,526,022 $ 46,701,829 Other Programs for Eligible Participants Life insurance, AD&D $ 3,861,196 $ 5,005,109 $ 4,704,263 $ 4,644,910 $ 3,819,313 $ 5,407,570 Chiropractic 9,030,817 9,095,243 7,632,640 7,739,521 5,499,171 5,008,673 Social security supplement 162,975 469,665 574,363 432,734 378,946 577,810 Alcoholism/Drug Recovery Program 3,886,081 4,884,744 5,105,665 5,119,373 6,261,474 6,034,620 Hearing aids 2,075,884 2,875,828 2,432,626 2,175,871 2,281,219 2,069,378 Subsequent prosthetic device 64,062 111,224 57,142 385,963 321,490 100,897 Subtotal $ 19,081,015 $ 22,441,813 $ 20,506,699 $ 20,498,372 $ 18,561,613 $ 19,198,948 Non-Industrial Disability Supplement (NIDS) For those receiving CSDI (CA) $ 5,411,828 $ 3,396,499 $ 3,361,308 $ 3,656,682 $ 3,460,390 $ 3,724,079 Weekly Indemnity & NIDS (OR & WA) 11,301,778 6,904,379 5,589,547 5,862,544 5,226,321 5,118,657 Subtotal $ 16,713,606 $ 10,300,878 $ 8,950,855 $ 9,519,226 $ 8,686,711 $ 8,842,736 Subsidy Benefits for Certain Pre-7/1/75 Widows WILSP subsidy payments – – – $ 88,606 $ 177,471 $ 190,848 TOTAL BENEFITS $ 720,399,929 $ 743,272,080 $ 690,659,112 $ 685,137,053 $ 713,084,002 $ 605,554,197 Reconciliation to Form 5500 (accrual) (8,656,574) (6,949,158) (14,897,311) 23,221,032 (12,919,156) 11,972,456 TOTAL BENEFITS AFTER RECONCILIATION $ 711,743,355 $ 736,322,922 $ 675,761,801 $ 708,358,085 $ 700,164,846 $ 617,526,653 CHANGES IN NET ASSETS AVAILABLE FOR WELFARE BENEFITS For Plan Year Ended June 30: 2020 2019 2018 2017 2016 2015 Investment Income $ 165,279 $ 143,366 $ 60,437 $ 61,235 $ 51,437 $ 44,478 Contributions: Employers 761,387,433 790,691,376 715,778,035 675,403,215 731,709,936 $ 657,558,826 Employees 10,043,712 12,598,166 13,076,067 13,024,859 14,066,840 13,180,484 COBRA/self-pay contribution 7,375 43,349 54,104 121,455 55,708 91,973 Total contributions $ 771,438,520 $ 803,332,891 $ 728,908,206 $ 688,549,529 $ 745,832,484 $ 670,831,283 Other Income 6,209,422 6,608,483 9,607,863 49,840,791 9,259,530 5,396,513 Total additions $ 777,813,221 $ 810,084,740 $ 738,576,506 $ 738,451,555 $ 755,143,451 $ 676,272,274 Deductions: Benefits paid $ 720,399,929 $ 743,272,080 $ 690,659,112 $ 685,137,053 $ 713,084,002 $ 605,554,197 Administrative expenses 55,121,861 49,289,801 52,359,627 47,702,098 41,741,689 42,858,542 Total deductions $ 775,521,790 $ 792,561,881 $ 743,018,739 $ 732,839,151 $ 754,825,691 $ 648,412,739 Net increase (decrease) $ 2,291,431 $ 17,522,859 $ (4,442,233) $ 5,612,404 $ 317,760 $ 27,859,535 Net assets available for benefits: Beginning of year $ 196,055,042 $ 178,532,183 $ 182,974,416 $ 177,362,012 $ 177,044,252 $ 149,184,717 End of year $ 198,346,473 $ 196,055,042 $ 178,532,183 $ 182,974,416 $ 177,362,012 $ 177,044,252 Welfare Benefits S TAT I S T I C A L I N F O R M AT I O N 68 68 2020 ANNUAL REPORT